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Oregon Revised Statutes Financial Institutions § 709.080

Current as of January 01, 2023 | Updated by Findlaw Staff

(1) The Director of the Department of Consumer and Business Services may charge a reasonable amount for any expenses incurred and services rendered in connection with deposits of securities.

(2) If a trust company does not, after due notice, pay to the director any charge assessed against it under this section, the director may:

(a) Apply in payment of the charges, with interest at the legal rate, as much as necessary of the interest or other earnings accruing on any securities deposited with the director; or

(b) Report the facts to the Attorney General, who shall, in the name of the director, institute appropriate action against the trust company.

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Cite this article: FindLaw.com - Oregon Revised Statutes Financial Institutions § 709.080 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-53-financial-institutions/or-rev-st-sect-709-080/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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